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About Peoples
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History / Mission

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Investor Relations

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Corporate Governance

bullet Locations
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Best of Region 2007  

 

 

 

About Peoples Bank

Investor Relations - Corporate Governance - Privacy - Locations - Careers
 

History

What is now Peoples Bank was established in 1910 to meet the changing needs of consumers. Banks at that time were primarily interested in making consumer or commercial loans, not home loans. The Bank, originally called The First Polish National Building & Loan Association, was the center of church and social activities in East Chicago, Indiana.

Over several decades, name changes occurred with the most recent change in 1989 to Peoples Bank. Peoples was the first savings and loan association to receive a federal charter in East Chicago in the aftermath of the Great Depression. As economic conditions improved, the Bank's assets grew to $655,851 while employing eight full time workers.

  East Chicago Banking Center - 1953

 

Throughout its 96 year history, Peoples Bank has evolved to offer the most modern advances in technology. Above, the East Chicago Banking Center in 1953 and below, the current Munster Banking Center.

 
 

Munster Banking Center - 2006

In the 1950s, the Bank took an active part in assisting service men to purchase or build homes through G.I. loans. During this housing boom, a decision was made to expand from a one-office operation. The Woodmar section of Hammond provided a growing area of retail business along Indianapolis Boulevard at the time and was therefore chosen as a second location.  

During the 1960s, the growth of the local economy prompted management to establish an additional Banking Center in Merrillville. The fourth location was opened in 1976 in Dyer and the Munster office was completed in 1985. Based on the success of these offices, a sixth Banking Center location was opened in Schererville in 1990 and a second Merrillville location in 1996. In the year 2000, Peoples Bank welcomed their eighth location in Hobart.

In 2003, Peoples Bank introduced its new corporate headquarters. The four-story Corporate Center building, located next to the Munster Banking Center, created a two-acre Peoples Bank campus. The facility houses the Bank’s Loan Center, Operations, Accounting, Information Technology, and Audit and Risk Management areas, as well as the Bank’s Administrative offices,    

Munster Corporate Center

including Senior Management, Human Resources, Marketing, and Retail Banking. The Wealth Management Group completed the corporate campus when their office moved to the second floor of the Munster Banking Center.

Throughout its history, Peoples Bank has been an active participant in the growth of the community while meeting the needs of its customers. The Bank offers a full array of consumer and business products while maintaining a strong tradition of high quality customer service.
 

Mission
Peoples Bank is committed to providing you with an unparalleled banking experience that enables you to achieve your financial goals.

Peoples recognizes that everyone is a customer and that YOU, the customer, are FIRST.  We further recognize that our continued success and longevity depend upon our ability to carry out this mission.  We have created the culture, environment, and organizational structure to identify and meet the financial goals of our customers.  By doing so we will also (1) further enhance the quality of our customers’ total banking experience, (2) further develop a motivated and knowledgeable workforce, (3) meet the expectations of our shareholders, and (4) provide outstanding performance at all operational levels;

Customers

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We will develop, market, and deliver banking products and services that meet the needs of individuals, families, and small businesses at competitive prices.

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We will create a service experience that differentiates us from the competition.

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We will be a responsible leader as we actively participate in the diverse communities we serve.

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We will be proactive in supporting the growth of our communities.

Employees

bulletWe recognize the primary resource for achieving the Bank’s mission is a team of friendly, loyal, motivated, and well-trained employees.
bulletWe will treat employees fairly, equally, with dignity, as individuals and as an important part of the Bank.
bulletWe will provide a friendly and enjoyable work environment that encourages optimal performance and opportunities for professional and personal development.

Shareholders

bulletWe will maximize shareholder value by providing superior financial returns, producing long-term earnings growth and expanding our market share.
bulletWe will exercise prudent risk management to ensure safe and sound business practices.

Operations and Technology

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We are committed to the secure and reliable delivery of exceptional products and services to our internal and external customers.

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We will continue to develop processes and procedures that ensure efficiency.

 

 

 

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